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Netflix, Inc. (NFLX) Writing Eulogy For Network TV

A eulogy is a way to pay homage to the departed, something that Netflix, Inc. (NASDAQ:NFLX) has been doing for the network TV for quite some time now. Fox News reported on the latest entry on this eulogy list, which involved Netflix scooping a series right from the hands of NBC.

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Although this most recent case is that of the upcoming TV show,Unbreakable Kimmy Schmidt, sold to Netflix, Inc. (NASDAQ:NFLX) by none other than NBC itself, but before delving deeper into this topic, let us have a quick overview of how this streaming service is paying homage to the business that might just be signing its own death certificate.

Netflix, Inc. (NASDAQ:NFLX) has been signing quite a few TV series to create additional seasons for the streaming platform. These series had been abandoned by their respective networks which had aired them initially. According to the article, these include names like ‘Longtime’ and ‘The Killing’. The former is a very recent venture that Netflix, Inc. (NASDAQ:NFLX) is embarking on. It already licenses the series from A&E and just recently ordered a brand new fourth season of the crime drama. On the other hand,’The Killing’, was in a way, snatched, from AMC, and new seasons were ordered for the fans.

Unbreakable Kimmy Schmidt is the latest addition to Netflix’s arsenal that signals changing of the guard as far as TV series is concerned. The striking feature of these additions is the snatching sort of behaviour that underlies them. That is also what makes the competition seem almost impotent.

However, snatching is not the only way how Netflix, Inc. (NASDAQ:NFLX) is claiming its territory. The streaming platform likes to order series in bulk too, a reminder of the surety that the program will be a success among its millions of subscribers, mostly concentrated in Americas. ‘House of Cards’ and ‘Love’ are two examples of TV shows mentioned in the article, which received an order of two seasons to begin with.

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